smithfield foods

Watch to Watch This Week on Wall Street

There's never a dull moment on Wall Street -- now more than ever! From homebuilder earnings to yoga pants to Netflix's stock, here are a few items that will help shape the week ahead.

Smithfield Foods Brings Home the Bacon

Smithfield Foods reported stronger results for its fiscal first quarter Wednesday as costs fell and sales rose. Net income at Smithfield for the period that ended Aug. 1 was $76.3 million compared to a loss of $107.7 million a year earlier, which beat analysts' expectations.

Smithfield Foods Earnings Beat Wall Street Estimates

Smithfield Foods beat Wall Street's fourth-quarter earnings estimates Thursday, its report noting that signs are emerging to indicate the beginnings of a turnaround in the battered and beleaguered hog industry. The company's adjusted results showed a profit of 18 cents a share.

Companies Most Likely to Default in 2010

The number of companies in danger of defaulting on their credit obligations will remain high in 2010 with a disproportionate number coming from the US and more than half concentrated in five key industries, according to a report from Standard & Poor%u2019s.